‘Dear brothers of the underworld’: Cartel plots to stem cocaine supply and raise prices

United States News News

‘Dear brothers of the underworld’: Cartel plots to stem cocaine supply and raise prices
United States Latest News,United States Headlines
  • 📰 theage
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 77%

A cartel of organised criminals including several prominent bikie gangs has ordered cocaine dealers around the nation to freeze supply in a bid to reverse a recent slump in the price of the popular party drug.

Those who break ranks and continue to flood the market with high-quality cocaine face serious consequences, according to leaked internal messages obtained by this masthead which also quote Warren Buffett and Henry Ford.The messages shared on encrypted apps reveal a plan by the cartel to stop the distribution of large shipments of cocaine for the next four weeks to inflate prices and expose overseas traffickers attempting to undercut local suppliers.

“The ounce people will raise the market for us,” one message reads. “As the supply tightens there [sic] prices will rise from being where we are at now.”The message, which has been widely distributed among criminal networks, cites famed US industrialist Henry Ford. Police intelligence suggests Albanian crime networks have been flooding the Australian market with cheap cocaine in a bid to control the lucrative trade.

In the messages, the cartel directly points the finger at overseas players for the slump, accusing Albanian, Canadian, South American and British organised crime networks of trying to undercut local dealers.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

theage /  🏆 8. in AU

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Price rises ‘clearly’ hurting the ‘most vulnerable’ in Australia’s societyPrice rises ‘clearly’ hurting the ‘most vulnerable’ in Australia’s societySky News Business Editor Ross Greenwood says it is clear price rises are hurting the “most vulnerable” in Australia’s society. “Today Treasurer Jim Chalmers said there will be relief in the budget for those on pensions and other benefits,” Mr Greenwood said.
Read more »

Hundreds of medicines to be half price for millions of AussiesHundreds of medicines to be half price for millions of AussiesThe federal government will today announce a person can double the amount of medicine they can collect on a single script, from one month's supply to two months. 9News
Read more »

All Nippon Airlines dishonours flights sold at discounted price due to technical glitchAll Nippon Airlines dishonours flights sold at discounted price due to technical glitchThe Japanese airline that mistakenly sold flight tickets for a fraction of their normal cost due to a technical glitch has announced it will not honour the sales. 9News
Read more »

Hundreds of medicines to be half price for millions of AussiesHundreds of medicines to be half price for millions of AussiesThe federal government will today announce a person can double the amount of medicine they can collect on a single script, from one month's supply to two months. 9News
Read more »

All Nippon Airlines dishonours flights sold at discounted price due to technical glitchAll Nippon Airlines dishonours flights sold at discounted price due to technical glitchThe Japanese airline that mistakenly sold flight tickets for a fraction of their normal cost due to a technical glitch has announced it will not honour the sales. 9News
Read more »

Gas price plan leaves one big questionGas price plan leaves one big questionThe government’s revised east coast gas plan may not do enough to secure the investment Australia needs in the twilight years of the gas sector.
Read more »



Render Time: 2025-03-24 05:02:49